# The Financial Services Act 2012 (Mutual Societies) Order 2018, Paragraph 18


In Article 65 (Amalgamation of credit unions)—
(a) in paragraph (4) for “him” substitute “it”; and
(b) for paragraphs (7) and (8) substitute—
“(7) If the appropriate authority is the FCA, the FCA must not register a special resolution under this Article unless the proposed amalgamation would not, in its opinion, result in a contravention of the 2000 Act, or any requirement imposed by or under that Act.
(8) If the appropriate authority is the PRA, the FCA must not register a special resolution under this Article unless the PRA, having first consulted the FCA, has confirmed to the FCA that the proposed amalgamation would not, in its opinion, result in a contravention of the 2000 Act, or any requirement imposed by or under that Act.”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111163689/schedule/3/paragraph/18 (the official version)
Page: https://openlegislation.uk/draft-financial-services-act-2012-mutual-societies-order-2018/schedule-3/paragraph-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.